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EXHIBIT 10.30
[GRACE LETTERHEAD]
December 10, 1996
Xx. Xxxxx Xxxxxxxxx
X. X. Xxxxx & Co.
Xxx Xxxx Xxxxxx Xxxx
Xxxx Xxxxx, XX 00000
Dear Xxxxx:
This letter amends the employment agreement, dated May 15, 1995
("Employment Agreement"), and the restricted stock award agreement, dated June
6, 1995 ("Restricted Stock Agreement"), between you and X. X. Xxxxx & Co., a New
York corporation renamed Fresenius National Medical Care Holdings, Inc. ("Grace
New York"), to reflect the transactions related to the September 1996 separation
of National Medical Care, Inc. ("NMC"), a subsidiary of Grace New York, from
Grace Holding, Inc., a Delaware corporation renamed X. X. Xxxxx & Co. ("Grace
Delaware").
As you know, in conjunction with the separation of NMC from Grace
Delaware, the contracts and obligations of Grace New York that related to the
non-NMC businesses of Grace New York were assigned to, and assumed by, Xxxxx
Xxxxxxxx. This letter confirms that the Employment Agreement and the Restricted
Stock Agreement were assigned to, and assumed by, Grace Delaware, effective upon
consummation of such separation, on the following terms:
1. All references to "X. X. Xxxxx & Co.", "Company" or "Grace" in the
Employment Agreement and the Restricted Stock Agreement refer to Grace
Delaware and any successor thereto.
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2. Except as expressly set forth above (or by any other applicable
amendments), the Employment Agreement and the Restricted Stock
Agreement remain in full force and effect.
Please confirm your agreement with the foregoing by signing the
accompanying copy of this letter and returning it to Xxx Xxxx.
Sincerely,
/s/ Xxxxxxx X. Xxxxxx
Accepted and agreed to:
/s/ Xxxxx Xxxxxxxxx
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Xxxxx Xxxxxxxxx
Date: 12/12/96
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